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Corporate Office
27 Corporate Woods, Suite 350
10975 Grandview Drive
Overland Park,
KS 66210
P: (913) 754-7754
F: (913) 754-7755

Our principal strategy is to focus on the acquisition of oil and natural gas mineral leases that have existing production and cash flow. Once acquired, subject to availability of capital, we strive to implement an accelerated development program utilizing capital resources, a regional operating focus, an experienced management and technical team, and enhanced recovery technologies to attempt to increase production and increase returns for our stockholders. Our oil and natural gas acquisition and development activities are currently focused in Eastern Kansas.

During fiscal 2008 and throughout fiscal 2009, ENRJ deployed approximately $12 million in capital resources to acquire and develop five operating projects and drill 179 new wells. As a result, our estimated total proved oil reserves increased from zero as of March 31, 2007 to a net 1.3 million barrels of oil equivalent, or BOE, as of March 31, 2009. Of the 1.3 million BOE of total proved reserves, approximately 39% are proved developed and approximately 61% are proved undeveloped. The proved developed reserves consist of 82% proved developed producing reserves and 18% proved developed non-producing reserves. EnerJex is producing an average of approximately 225 to 260 gross BOEPD.

In response to economic conditions and capital market constraints, we have recently begun to explore and evaluate various strategic initiatives that would allow us to continue our plans to grow production and reserves in the mid-continent region of the United States. Initiatives include creating joint ventures to further develop current leases, restructuring current debt, as well as evaluating other options ranging from capital formation to some type of business combination. Though there can be no assurance that any particular outcome will result from this process, we believe there are significant opportunities to increase our growth rates given current market conditions. We believe this process may create options that will allow us to better position EnerJex to take advantage of these opportunities.

Cautionary Note to U.S. Investors -- The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms on this web site, such as potential recoverable reserves, that the SEC’s guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K, File No. 000-30234 available from EnerJex at 27 Corporate Woods, Suite 350, 10975 Grandview Drive, Overland Park, Kansas 66210. You can also obtain this form from the SEC by calling 1-800-SEC-0330 or on the SEC's website at www.sec.gov.